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Workers' Compensation News

Alliance Says Terror Bill Will Stabilize Markets 11/27/2002
State: Natl. | Segment: Top | 40 | 0
Alliance of American Insurers President Rodger S. Lawson, Ph.D., in attendance at the Nov. 26 White House signing ceremony for the Terrorism Risk Protection Act, HR 3210, said the new law is "crucial to insurance market stabilization in the aftermath of Sept. 11, 2001." "This legislation is ...Read More
AIA Says Terror Bill Provides Financial Security 11/27/2002
State: Natl. | Segment: Top | 37 | 0
The American Insurance Association today praised President George W. Bush for his critical role in shaping the Terrorism Risk Insurance Act of 2002, which became law today after the President's signature. "Members of Congress from both sides of the political aisle worked hard in support of ...Read More
Am Growers Best Rating Lowered to 'E' 11/26/2002
State: Natl. | Segment: Top | 57 | 0
A.M. Best Co. has downgraded the financial strength rating of Acceptance Insurance Companies Inc.'s [NYSE: AIF] crop subsidiary, American Growers Insurance Company (Lincoln, NE) to E (Under Regulatory Supervision) from C- (Weak). Unaffected by this rating action is the C- (Weak) rating o...Read More
Acceptance / Rain and Hail Deal Off 11/26/2002
State: Natl. | Segment: Top | 39 | 0
Acceptance Insurance Companies Inc. said yesterday that Rain and Hail, L.L.C and others had discontinued pursuit of the proposed asset purchase transaction announced November 18, 2002. Rain and Hail, L.L.C. explained it took that action because "RMA (the USDA Risk Management Agency) will not allow t...Read More
Another Terror Risk Model: AIR 11/22/2002
State: Natl. | Segment: Top | 32 | 0
With the Senate's passage of the Terrorism Risk Insurance Act of 2002, all commercial property and casualty insurers are required to cover losses due to international terrorist activity within the United States. For the first time, insurers are being forced to make difficult pricing decisions regard...Read More
AJ Gallagher Dividend; New Director Named 11/22/2002
State: Natl. | Segment: Top | 42 | 0
Arthur J. Gallagher & Co. (NYSE: AJG) yesterday declared a regular quarterly cash dividend of fifteen cents ($.15) per share on the Common Stock of the Company, payable on January 15, 2003 to Shareholders of Record as of December 31, 2002. In a separate news release, the Board of Direc...Read More
Accident Fund's New Name re National Expansion 11/22/2002
State: Natl. | Segment: Top | 73 | 0
To reflect the company's national expansion efforts, which began in 2000, Accident Fund Company announces its new name and corporate logo. On Nov. 18, 2002, Accident Fund Company became Accident Fund Insurance Company of America. Accident Fund Insurance Company of America is the leading pro...Read More
AIA Appoints New VP for Northeast Region 11/19/2002
State: Natl. | Segment: Top | 45 | 0
The American Insurance Association today announced the appointment of Paul Moran to the position of regional vice president, northeast region. Moran will manage the seven-state region which includes New York and the New England states. He will oversee all state government affairs issues in ...Read More
AIA Comments on Terror Bill Passage 11/18/2002
State: Natl. | Segment: Top | 36 | 0
Robert E. Vagley, President of The American Insurance Association, on Friday issued the following statement regarding the House passage of the Federal Terrorism Insurance Backstop legislation: "We applaud the members of the U.S. House of Representatives for their unanimous voice vot...Read More
AON Re Completes Earthquake, Terror Models 11/18/2002
State: Natl. | Segment: Top | 37 | 0
Aon Corporation's (NYSE:AOC) subsidiary, Aon Re Inc., announced Friday that its catastrophe modeling affiliate Impact Forecasting has completed development of its workers' compensation catastrophe model for all significant U.S. earthquake regions. The detail model that utilizes worksite level data p...Read More
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